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Brisbane commercial builders consistently overpay for insurance. Our specialised review process identifies premium reductions while improving coverage.
Commercial construction businesses face unique challenges that lead to unnecessary premium costs:
Most builders use declaration-based construction policies because they seem convenient, but this approach typically results in 15-20% premium overpayment compared to properly structured annual policies.
General insurance brokers lack specialised construction industry knowledge, leading to inaccurate risk profiling that results in higher premiums and coverage that doesn't match your actual needs.
Without regular specialised reviews, builder insurance premiums typically increase 8-12% annually—often without corresponding improvements in coverage or alignment with changing project needs.
Our specialised approach to commercial builder insurance consistently delivers significant premium savings through a proven four-step process:
We conduct a detailed review of your current insurance program, identifying unnecessary coverages, declaration-based policy inefficiencies, and premium-to-risk misalignments.
We create an accurate risk profile document that properly represents your construction business to insurers, highlighting your risk management procedures and quality controls.
Using our industry relationships and technical knowledge, we restructure your insurance program for maximum savings—often replacing declaration-based approaches with more cost-effective annual policies with premium funding.
We continually monitor your insurance program, ensuring premiums remain optimised as your business evolves and providing regular reviews to prevent premium creep over time.
A Brisbane commercial builder with $7.5M annual turnover was paying for multiple declaration-based policies. We identified significant premium inefficiencies and consolidated their coverage into a comprehensive annual program.
A Queensland builder experiencing rapid growth had seen their premiums increase by over 25% in two years despite no claims. Our specialised review uncovered multiple overlapping coverages and risk misclassifications.
"Having reliable professional indemnity insurance is crucial, and Steve Krogh from iBuild Insurance is outstanding! His comprehensive understanding of the real estate space, paired with his insurance expertise, ensures that we are perfectly covered. Steve’s tailored advice and exceptional service make all the difference. Highly recommend his professionalism and dedication! Thanks, Steve!"
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